Americans lost $5.6 billion to cryptocurrency fraud scams last year
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FBI says that’s 45% more than in 2022.
https://fortune.com/2024/09/11/cryptocurrency-fraud-2023-fbi/
A veteran CIA officer reached up a colleague’s skirt and forcibly kissed her in front of co-workers, prosecutors allege in sexual misconduct case
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A 648-page internal watchdog report found systemic shortcomings in the CIA’s handling of such complaints.
https://fortune.com/2024/09/11/donald-asquith-cia-sexual-misconduct-william-burns/
After 155 years, Campbell’s is dropping ‘soup’ from its name
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It won’t stop making its flagship product, though.
Ozempic maker has developed a pill that can cause weight loss of up to 13% in three months
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Has Novo Nordisk found the magic bullet?
https://fortune.com/2024/09/11/ozempic-maker-weight-loss-pill/
The best CD rates for Massachusetts in September 2024
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We analyzed Curinos data to determine the most impressive CD rates in Massachusetts.
https://fortune.com/recommends/banking/cd-rates-massachusetts/
Compare mortgage rates today
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Keeping an eye on mortgage rates as you plan to buy your first home, upgrade or downgrade the size of your house, or refinance? Here are the current average mortgage rates—as well as everything you need to know about how mortgages work.
https://fortune.com/recommends/mortgages/current-mortgage-rates/
New Starbucks CEO lays into overwhelming menus, inconsistent product and long, hectic waits
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On only his second day on the job, the former Chipotle CEO singled he will initially devote the bulk of his attention to problems in the U.S. operations.
https://fortune.com/2024/09/11/starbucks-brian-niccol-strategy/
Free speech faces death by 1,000 cuts as tech, media, and politics clash
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Rapidly shifting political agendas, corporate interests, and societal and technological forces are nibbling away at our ability to express ideas freely.
Inflation drops to a 3-year low ahead of Fed’s rate meeting
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The Federal Reserve is poised to begin cutting its key interest rate from its 23-year high in hopes of bolstering growth and hiring.
https://fortune.com/2024/09/11/inflation-cpi-3-year-low-federal-reserve/
Ex-Sony boss’ blunt advice for laid-off workers: ‘Go to the beach for a year or drive an Uber’
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Ex-Sony Computer Entertainment Europe president Chris Deering compared cuts in the gaming industry to the pandemic, while telling laid-off workers to wait it out.
Trial of founder of one of South Korea’s biggest internet firms mixes K-pop stock-rigging with pushback on billionaires
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Kakao founder Brian Kim goes on trial Wednesday to face allegations of rigging prices during the takeover battle for K-pop powerhouse SM Entertainment.
Jamie Dimon spends a lot of time evaluating his potential successor and wants to get it ‘exactly right’
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The billionaire banker said JPMorgan has a roster of talent to select its next CEO from.
https://fortune.com/2024/09/11/jamie-dimon-succession-planning-jpmorgan-chase-next-ceo/
Ireland’s special relationship with Apple and Google has created a multibillion-dollar windfall—and an existential crisis
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The Irish government has billions to splurge on investments, but no one can agree where to put it.
https://fortune.com/europe/2024/09/11/ireland-apple-tax-windfall-economic-crisis/
Murdoch’s £5.6 billion bid for U.K. property portal Rightmove rejected by management as ‘opportunistic and fundamentally undervalued’
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Rupert Murdoch's REA property group was said to be attracted by the prospect of more interest-rate cuts in Britain which would lower mortgage costs for buyers.
https://fortune.com/europe/2024/09/11/rupert-murdoch-5-6-billion-bid-rightmove-uk-rejected/
Australia’s startup scene has delivered the 3rd-highest liquidity behind the U.S. and China, new analysis shows
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Australia has produced 1.5 unicorns for every $1 billion of VC investment, compared to 0.6 for China and 1.1 for Israel and the U.S.
China is no longer the ‘undisputed leader’ in attracting foreign investment as European companies look elsewhere
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The European Chamber of Commerce in China says India, Indonesia and even smaller countries like Malaysia now compete with world's second largest economy.
Zara parent Inditex sees retail profits surge to €2.8 billion as its new collection lures more shoppers
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Inditex, which also owns Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, said its spring and summer collections were "very well received."
https://fortune.com/europe/2024/09/11/zara-inditex-first-half-retail-profits-surge/
BMW cuts 2024 outlook after braking system recall of 1.5 million cars costs it ‘a high three-digit million amount’
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Halted deliveries for impacted vehicles not already in customer hands are also expected to negatively impact sales.
https://fortune.com/europe/2024/09/11/bmw-cuts-2024-outlook-braking-system-recall-million-cars/
BMW cuts 2024 outlook after braking system recall of 1.5 million cars costs it ‘a high three-digit million amount’
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Halted deliveries for impacted vehicles not already in customer hands are also expected to negatively impact sales.
https://fortune.com/europe/2024/09/11/bmw-cuts-2024-outlook-braking-system-recall-million-cars/
10 key takeaways from the Harris-Trump debate, from tense clashes over inflation and abortion to a Taylor Swift endorsement
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The Democratic vice president opened the faceoff with a power move, marching across the stage to Trump’s lectern to shake his hand.